If you can be bothered you can work it out to a very close level
Assume 3% interest in 345 m so around 11 m p.a.
Divided by 4 ( per quArter) 2.75m
Assume realised price of IO 60 aud for quarter to be conservative and costs of 52. ( costs likely to be lower first half due to KI production but again being conservative ) and prod of 1.2m t so around 8-9 m cash flow
Minus 2 m for things I have missed .
So I would expect cash to have increased by somewhere around 10m . As mentioned many times not only would have have increased by Rail liability shouldn't be around 17-18m so net asset value added for the quarter relative to 31 Dec somewhere around 18m-19m or around 1.8c per share
It is present to wait ,however for me given the two SP catalysts can happen any moment ( insurance payout and resource project acquisition ) I have opted to build my position .
I have one remaining order in the market at 20 that is partly filled for a few days back and that will be it. Happy to wait for SP catalyst knowing that as I wait , net asset value is increasing by 1.8 -1.9c per quarter
Mgx at present
If you can be bothered you can work it out to a very close level...
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
